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2025-05-14 08:42:26
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decryptmedia.com on Nostr: decryptmedia.com ✍️ Pro-crypto lawmakers demand action to stop a Biden-era tax ...



✍️ Pro-crypto lawmakers demand action to stop a Biden-era tax policy that is putting US crypto firms at risk of paying millions in taxes on unrealized profits.
👉 Senators demand action to stop a Biden-era tax policy
👉 Policy puts US crypto firms at risk of paying millions in taxes on unrealized profits
👉 Unrealized crypto gains are counted toward taxable income under CAMT
👉 Policy may force firms to liquidate crypto assets
👉 Foreign firms are unaffected, creating an uneven playing field

#CynthiaLummis #BernieMoreno #ScottBessent #DonaldTrump #JoeBiden #politics


The Senators said the tax rule would leave U.S. firms at a disadvantage to foreign competitors and urged Treasury to “act swiftly.”
https://decrypt.co/319622/senators-urge-treasury-rethink-tax-unrealized-crypto-gains

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